| 10/4/00 | ||||||
| LICENSES WITH NET WORTH GREATER THAN $100,000 AND ALTERNATIVE LICENSES WITH LOWER NET WORTHS | ||||||
| State | Current Designated License | Net Worth | Alternate License | Net Worth | ||
| 1 | AZ | Mortgage Banker | 100,000-250,000 | Mortgage Broker | none | |
| 2 | CA | Mortgage Banker | 250,000 | Finance Lender | 25,000 | |
| 3 | FL | Mortgage Lender | 250,000 | Correspondent Lender | 25,000 | |
| 4 | NJ | Mortgage Lender | 250,000 | Mortgage Broker | 50,000 | |
| 5 | NY | Mortgage Banker | 250,000 | Mortgage Broker | none | |
| 6 | PA | 1st mortgage Banker | 250,000 | Mortgage Broker | none | |
| 7 | WI | Mortgage Banker | 250,000 | Mortgage Broker | 250,000 | |
| 8 | HUD | Non-Supervised Mortgagee * | 250,000 | HUD Correspondent ** | 50,000 | |
| LICENSES WITH NET WORTH EQUAL TO $100,000 AND ALTERNATIVE LICENSES WITH LOWER NET WORTHS | ||||||
| State | Current Designated License | Net Worth (NW) | Alternate License | Net Worth | ||
| 1 | GA | Mortgage Lender | 100,000 NW+ 10000 | Mortgage Broker | 25,000 | |
| bond or 250000 NW | ||||||
| 2 | MA | Mortgage Lender | 100,000 NW | Mortgage Lender | 25,000 NW + | |
| 75000 Bond | ||||||
| 3 | NH | Mortgage Lender | 100,000 NW or | Mortgage Broker | No NW and | |
| 100,000 bond | 20,000 bond | |||||
| 4 | RI | Mortgage Lender | 100000 NW | Mortgage Broker | 10,000 | |
| * | Exempt from licensing and net worth requirements: AL, AR, HI, KY, MO, TN, LA, MS, OK, OH, NC, SC, TX | |||||
| ** | Exempt from licensing and net worth requirements: AL, AR, HI, KY, MO, TN, LA, MS, OK, OH, NC, SC | |||||